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...Somalia's extreme poverty and lack of effective central government make it an ideal breeding ground for piracy, and the Cold War's end helped make it possible. Like Afghanistan, Somalia was for decades a rope in the tug-of-war between the Soviet Union and the U.S., later abandoned and left to rot as the superpowers' rivalry ebbed. It's the latest warning that the 21st century's dangers are more likely to come from failed states and their desperate young men rather than modern militaries boasting flotillas of warships, formations of tanks and fleets of aircraft...

Author: /time Magazine | Title: Washington Wrestles with the Pirate Problem — on Land | 4/14/2009 | See Source »

...that the tug of recession. "Our core view is that banks' [stocks] will not bottom until nonperforming [loan] growth decelerates," opined Goldman Sachs analyst Richard Ramsden in a report to clients on Friday. "All of the data points we track in the first quarter point to an acceleration." Banks are expected to report their results for the first few months of the year in the next two weeks. And despite positive statements from bank CEOs in recent weeks, earnings at nearly all of the nation's largest banks will likely have fallen in the first quarter versus one year...

Author: /time Magazine | Title: Tempted to Buy Bank Stocks? Better Think Twice | 4/3/2009 | See Source »

...years to life for possession of four ounces of narcotics - about the same as a sentence for second-degree murder. The statutes became known as the Rockefeller Drug Laws - a milestone in America's war on drugs and the subject of one of the most abrasive legal tug-of-wars in the nation. The laws almost immediately led to an increase in drug convictions, but no measurable decrease in overall crime. Meanwhile, critics argued that they criminalized what was primarily a public health problem, incarcerated nonviolent felons who were better off in treatment, caused a jump in recidivism rates...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

...tug-of-war ensued, between Summers, then-Dean of the Faculty William C. Kirby, and then-Dean of the College Benedict H. Gross, and amongst the members of the committee...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Kicking the Core to the Curb | 3/19/2009 | See Source »

...tug-of-war ensued, between Summers, then-Dean of the Faculty William C. Kirby, and then-Dean of the College Benedict H. Gross, and amongst the members of the committee...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Engendering Gen Ed | 3/18/2009 | See Source »

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